Preparations underway for second Africa Trade Forum
ETHIOPIA| July 22, 2012, 12:22 p.m.
Preparations for the second Africa Trade Forum (ATF II) are underway. the event will be themed: “Boosting Intra-African Trade and Establishing the Continental Free Trade Area (CFTA)". The forum is a joint initiative of the Economic Commission for Africa (ECA), the African Union Commission (AUC) and the African Development Forum (AfDB) and is scheduled to be held from 24-26 September 2012 in Addis Ababa.
According to Alan Kyerematin, Head of the Africa Trade Policy Forum at the ECA, ATFII is being organized against a backdrop of increasing commitments to boosting intra-African trade and establishing a CFTA. “The outcomes of ATF I held in 2011 provided substantive input into the preparations for the January 2012 African Union Summit of Heads of State and Government meeting on the theme; Boosting Intra-Africa Trade.”
Kyerematin adds that the Summit formally endorsed a Framework, Road Map and Architecture for fast tracking the establishment of the CFTA and an Action Plan for Boosting Intra-African Trade.
ATF II, says Kyerematin, will review key challenges in implementing the agreed Action Plan on Boosting intra African Trade and establishing the CFTA, and forge an implementing strategy in that regard.
The results of the January Summit are an important step made by our Heads of States and Government, he says, and adds that the Framework, Road Map and Architecture specifically calls upon ECA, AfDB and other relevant development partners to support the implementation of the Action Plan and the establishment of the CFTA. Further, ECA, AUC and AfDB, as well as other relevant agencies have been requested to take appropriate measures including studies, technical support to the Regional Economic Communities and sensitization of Member States and partners, for the effective implementation of the CFTA Road Map.
“We have an ambitious programme of action for the development of trade in Africa to deliver on,” urges Kyerematin. “ATF is therefore designated as one of the supporting structures and building blocks for the establishment of the CFTA.”
ATF is a platform for inclusive policy dialogue between various trade constituencies to deliberate and agree on common approaches and strategies for implementing the Action Plan on Boosting intra-African Trade and the establishment of the CFTA.
The forum will agree on specific inputs into the African Ministerial Conference on Trade to be held later this year. It is also expected to adopt a Strategic Implementation Framework for the Action Plan on Boosting intra-Africa Trade and establishment of the CFTA; and strengthen commitment by African member States and trade constituencies to build effective strategic partnerships for implementation.
For more on the Continental Free Trade Area, download Assessing Regional Integration V, published jointly by ECA, AUC and AfDB at www.uneca.org/ARIA
MORE ETHIOPIA NEWS
Cyber Security Africa set for EthiopiaThe 2nd Annual Ethiopia Banking & ICT Summit will take place in November 21st, 2014 at Sheraton Hotel, Addis Ababa, Ethiopia. Read More
Microsoft, UNDP partner to support Ethiopian entrepreneursMicrosoft has signed a collaborative agreement with the United Nations Development Programme (UNDP), under which Microsoft will provide training and mentorship services to 200,000 Ethiopian entrepreneurs. Read More
MWH Global names Ethiopia Country ManagerMWH Global has hired Moghes Ayalew Mekonen as the country manager for its operations in Ethiopia. Read More
SatLink chosen as global TV distribution partner for Ethiopian TV agencySatLink Communications has been selected by the Ethiopian Radio and Television Agency (ERTA) for the global distribution of its ETV news channel. Read More
AUC on education: leave no one behindICTs, infrastructure and collaboration must be employed to ensure that no country is left behind in Africa’s efforts to improve education, delegates heard at an AU Commission education forum. Read More
African Union marks Science and Technology weekScience and Technology is key for Africa’s socio-economic advancement, says the African Union. Read More
Ethio telecom moves to next phase of expansionEthio telecom reports that it has concluded the task of telecoms vendor allocation and is now proceeding to implement its network expansion project. Read More
New Climate Innovation Centre in EthiopiaEthiopia is set to reap the rewards of a new initiative to help local businesses develop and deploy climate friendly technologies that will create thousands of new green jobs. Read More
Ethiopia approves 3 new solar projectsEthiopian Electric Power Corporation (EEPCo) has approved a 300 Megawatt solar project in partnership with two US firms. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSLeading through volatility in Africa
For the businesses that are prepared to face the storm and manage the volatility afflicting the continent, there are still huge rewards to be had from doing business ...